Week 6 Checkpoint The accounting cycle is a series of procedures that allow a company to record their transactions and prepare their financial statements in the most accurate way possible. Every cycle starts with a single transaction and ends with the books being closed out for a specific time period. There are nine steps in all. 1. Analyze Business Transactions – As financial transactions occur they are analyzed and considered with respect to their effect on their financial position in the
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Internal Controls Your Name XACC/280 Date Instructor Name Internal Controls Internal controls are an essential asset to any company that wishes to maintain their company’s security and accuracy. These controls help to protect the assets belonging to a company from unforeseen events such as employee theft‚ robbery‚ or any sort of unauthorized use (Weygandt‚ Kimmel‚ & Kieso‚ 2008). They also create the opportunity for accounting records to be more accurate and reliable by limiting the possibility
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Internal Controls Xacc/280 Connie Hardgrove Axia College By: Billie Grimes
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During the first nine weeks I have learned an immense amount about myself. The multiple intelligences‚ learning styles‚ and 16 personalities tests have taught me to understand myself and how I learn. When reviewing the results I noticed extreme accuracy in every field covered‚ including‚ how I learn‚ communicate‚ develop relationships and see myself. There were subjects explained that I had never before considered about myself so it was interesting to see how people similar to me perform in those
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Lesson Plan Week 4 Gain attention: Show a visual image of the heart on the screen using the PowerPoint projector. Go to www.innerbody.com. The students will be getting a new and different image of the heart. The anatomy will be reviewed by placing the pointer over different anatomical structures within the heart. The name of that structure will appear on the screen. This activity will also stimulate learning. 25 minutes Rule/Principle: The student will be able to explain the flow of
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have it solved or be preforming more efficiently at it. I would confirm with the employee that they feel it is a fair deadline. Then we would come up with a plan to help the employee reach those goals as quickly as possible. Goals would be open to discussion. I would like to hear the feedback of the employee on if they agree with the goals or feel they can be tweaked in some way. I would be open to their suggestions. I feel that if the employee helps in planning the goal they will be more likely to
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Assumptions * Assume fiscal year begins July 1 * Personal savings account of $15‚000 and added family money gives him an investment fund of $35‚000. The $15‚000 personal savings is included in the total investment fund. * Acceptable to base pro forma estimates off of 1956 data. * The property‚ including the two plants‚ can be assumed as Plant & Equipment‚ and given the appraised value of $200‚000. * Assume that this P&E will not need major repair in the near future
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Personal Reflection: Ngai Tsz Chung 30222738 In this project‚ I totally got my fault and feelings of powerless. As we are the first present groups in this subject‚ we did not have a good sample and some guidelines to follow. After many times of the modification of the PowerPoint‚ we still had some mistakes. Besides‚ we got many of the sources on this topic. Unfortunately‚ we can’t fully use the resources and used them in the best way. For example‚ I read a paper written by Wong Hung about the concept
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Nine Steps of Accounting Cycle William Watkins XACC/280 March 6‚ 2012 Donna Adams Nine Steps of the Accounting Cycle Screen Shot 08 March 2012 [pic] The nine steps of the accounting cycle ae generally described as follows. These steps are designed to follow a logical sequence to record transactions and prepare financial statements‚ and begins with transaction analysis and ends with closing of the books. Step 1. Collect and analyze the transactions
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Option: 3‚ Personal Reflection I want to write about an event happened to me during the middle of last semester. It was about the Epidemiology midterm exam. A lot of students apparently did not perform well on that exam‚ so the professor decided to curve the grades and proposed to make the midterm exam worth less. Originally‚ the midterm exam and final exam were both worth 40% of the final grade‚ and the online modules were worth 20% of the final grade‚ according to the syllabus. However‚ the instructors
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